Erez Shachar Sells 24,328 Shares of Riskified (NYSE:RSKD) Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 24,328 shares of Riskified stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $5.22, for a total transaction of $126,992.16. Following the transaction, the director directly owned 1,472,293 shares in the company, valued at $7,685,369.46. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erez Shachar also recently made the following trade(s):

• On Monday, July 13th, Erez Shachar sold 82,103 shares of Riskified stock. The shares were sold at an average price of $5.21, for a total transaction of $427,756.63.
• On Thursday, July 9th, Erez Shachar sold 64,800 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $338,256.00.
• On Wednesday, July 8th, Erez Shachar sold 64,349 shares of Riskified stock. The stock was sold at an average price of $5.18, for a total transaction of $333,327.82.
• On Tuesday, July 7th, Erez Shachar sold 148,221 shares of Riskified stock. The stock was sold at an average price of $5.27, for a total transaction of $781,124.67.
• On Monday, July 6th, Erez Shachar sold 154,436 shares of Riskified stock. The shares were sold at an average price of $5.22, for a total transaction of $806,155.92.
• On Thursday, July 2nd, Erez Shachar sold 265,549 shares of Riskified stock. The stock was sold at an average price of $5.08, for a total value of $1,348,988.92.
• On Wednesday, July 1st, Erez Shachar sold 435,900 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $2,188,218.00.
• On Tuesday, June 30th, Erez Shachar sold 281,501 shares of Riskified stock. The shares were sold at an average price of $5.02, for a total value of $1,413,135.02.
• On Monday, June 29th, Erez Shachar sold 220,600 shares of Riskified stock. The stock was sold at an average price of $5.05, for a total value of $1,114,030.00.
• On Friday, June 26th, Erez Shachar sold 356,000 shares of Riskified stock. The stock was sold at an average price of $5.02, for a total transaction of $1,787,120.00.

Riskified Price Performance

RSKD opened at $5.14 on Thursday. The firm has a market capitalization of $762.24 million, a price-to-earnings ratio of -46.77 and a beta of 1.38. The business has a 50 day simple moving average of $4.92 and a two-hundred day simple moving average of $4.61. Riskified Ltd. has a one year low of $3.70 and a one year high of $5.68.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Riskified had a negative net margin of 5.17% and a negative return on equity of 3.91%. The business had revenue of $88.27 million during the quarter, compared to analyst estimates of $87.72 million. As a group, sell-side analysts expect that Riskified Ltd. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Riskified

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its stake in shares of Riskified by 1.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 302,262 shares of the company’s stock worth $1,502,000 after buying an additional 2,900 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Riskified by 24.8% during the third quarter. FNY Investment Advisers LLC now owns 15,110 shares of the company’s stock valued at $70,000 after buying an additional 3,000 shares during the last quarter. California State Teachers Retirement System raised its stake in Riskified by 5.5% during the second quarter. California State Teachers Retirement System now owns 93,086 shares of the company’s stock valued at $464,000 after buying an additional 4,826 shares during the last quarter. Swiss National Bank boosted its holdings in Riskified by 3.1% in the fourth quarter. Swiss National Bank now owns 167,513 shares of the company’s stock worth $833,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Riskified by 18.1% in the fourth quarter. Geode Capital Management LLC now owns 33,828 shares of the company’s stock worth $168,000 after acquiring an additional 5,178 shares in the last quarter. 58.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RSKD has been the topic of several research reports. Wall Street Zen raised Riskified from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods increased their target price on Riskified from $5.25 to $5.50 and gave the stock a “market perform” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.00.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.